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See how verdicts work1-bedroom flat · RH13 9FN
For saleListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location This property is situated in a picturesque idyllic prime location in the most sought after position in the centre of Southwater, with an aesthetically pleasing panoramic outlook facing an open area of farmers fields.
Also situated just a short walk from the downslink footpath entering the open untouched countryside you can walk for hours or cycle along the disused railway line past Christ's Hospital private school and train station in one direction along to Guildford, and the other direction to the beach and the south coast.
The central location of this property means you can walk to shops, restaurants, pubs, doctors, dentist, library, a leisure centre with a gym, and a beautiful church.
On your doorstep you also have Southwater country park, play parks, the popular Southwater sports club and cricket ground pitch with regular games and entertainment.
There are 3 bus stops located at each end of the road with buses every 15 minutes to Horsham or you can walk or cycle to the train station at Christ's Hospital which serves the London line, plus you have easy commuter access to the A24, A281 and M25.
It's easy to see why Southwater is so popular as it has a real community feel and the Horsham District is regularly one of the top places to live in the country.
Horsham is a thriving historic market town with an excellent selection of national and independent retailers including a large John Lewis and Waitrose store.
There are twice weekly award winning local markets in the Carfax in the centre of Horsham for you to stock up on local produce.
East Street, or 'Eat Street' as it is known locally, has a wide choice of restaurants ranging from independent eateries such as Monte Forte and larger chains, including Wagamama, Pizza Express and Cote.
Property Entering this first floor apartment, you are met with an entrance hall, with a built-in storage cupboard and a door that leads to the luxurious bathroom featuring a modern white suite with a full-sized bath, and shower above the bath.
The bright double bedroom has a large window that floods the room with natural light and boasts ample space for free-standing storage and additional bedroom furniture.
The kitchen/living room is a particular feature of this impressive property which is perfect for entertaining and offers flexibility for furniture placement.
The contemporary kitchen offers a range of floor and wall mounted units and is another example of Berkeley Homes' quality. The living area is flooded with natural light from large windows.
Outside Broadacres is expertly maintained on a regular basis. Directly outside the block you will also find allocated parking.
Additional information Tenure: Leasehold Lease Term: 125 years from 1 April 2018 Service Charge: £238.33 per month Service Charge Review Period: Annually Ground Rent: £tbc per annum Ground Rent Review Period: Tbc Agents note We strongly advise any intending purchaser to verify the above with their legal representative prior to committing to a purchase.
The above information has been supplied to us by our clients/managing agents in good faith, but we have not necessarily had sight of any formal documentation relating to the above.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 5 Elm House, Horsham
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